China’s May Retail Sales rose 3.7%, Industrial Production up 5.6%

China’s May Retail Sales, rose 3.7% YoY vs. 3.0% expected and April’s 2.3% while the country’s Industrial Production increased 5.6% YoY in the same period vs. 6.0% forecast and 6.7% recorded previously. The official data was published by the National Bureau of Statistics (NBS) on Monday.

Meanwhile, the Fixed Asset Investment rose 4.0% YTD YoY in May, compared to the 4.2% figure anticipated and 4.2% in April.

Jun 17, 2024

China Fixed Asset Investment (YTD) (YoY) came in at 4% below forecasts (4.2%) in May

China’s NBS: Economic recovery still faces many difficulties and challenges

Following the publication of the high-impact China’s activity data for May, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.